Bajaj Holdings shares down 2.22% as Nifty drops
A total of 633 shares changed hands on the counter till 01:29PM (IST).
NEW DELHI: Shares of & Investment Ltd. traded 2.22 per cent down in Monday's trade at 01:29PM (IST). Around 633 shares changed hands on the counter.The stock opened at Rs 8100.05 and touched an intraday high and low of Rs 8118.1 and Rs 7940.0, respectively, in the session so far. Shares of the company of & Investment Ltd. quoted a 52-week high of Rs 9355.0 and a 52-week low of Rs 5931.05.
As per , the total market cap of the & Investment Ltd. stood at Rs 88890.13 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 132.5 crore for the quarter ended 31-Dec-2023, down 44.81 per cent from previous quarter's Rs 240.06 crore and down 14.19 per cent from the year-ago quarter's Rs 116.03 crore.
The net profit for latest quarter stood at Rs 1644.43 crore, up 27.91 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 4.65 per cent stake in the company, while foreign institutional investors held 11.57 per cent and the promoters 51.46 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 15.06 and a price-to-book ratio of 1.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Bajaj Holdings & Investment Ltd. belongs to the Holding - Diversified industry.
Source: Stocks-Markets-Economic Times
